Blood Continues To Flow As Precious Metals Rally…”Investors need to prepare themselves for the coming collapse of most paper assets and real estate values.”

Many analysts have been forecasting a huge deflation with falling gold and silver prices. I don’t think this will happen. Gold and silver may have different plans, especially if we see more problems coming out of the European banks.
Investors need to prepare themselves for the coming collapse of most paper assets and real estate values. I don’t see the oil price recovering anytime soon, so this will put severe pressure on the U.S. oil industry. Without rising energy production, ECONOMIC ACTIVITY GOES SOUTH… in a BIG WAY.
The idea that investors should only purchase 5-10% of their assets in gold or silver will become a HUGE MISTAKE going forward…

Submitted by Steve St. Angelo, SRSRocco Report:

The top three U.S. oil companies released their financials today and the results were completely horrible. Exxon Mobil was the only one of the three that still made a profit for the first half of the year, however it was down a stunning 62% compared to the same period last year.

Unfortunately, Chevron and ConocoPhillips results were much worse as they suffered a combined net income loss of $4.7 billion for the first half of 2016. We must remember, these are the major U.S. oil companies that are supposed to be highly profitable. I hear this all the time from politicians and folks who believe in lousy conspiracies.